Received zero-rated tax invoices but have not issued a Purchase Confirmation
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Our company is currently engaged in exporting our own products. While performing our monthly closing, we attempted to process a payment after receiving a zero-rated tax invoice from a forwarder, but we realized we might need something called a "Purchase Confirmation" and are inquiring about it. Upon checking our internal history, it appears we have been receiving zero-rated tax invoices since a certain point in time, but we do not seem to have ever submitted a Purchase Confirmation. We would like to know if it is possible to issue a new Purchase Confirmation now to proceed, or if there is another way to handle this. When we inquired with the forwarder regarding this matter, they simply replied that they had never requested a Purchase Confirmation and were not sure about the process.
Answer 1
- 0A Purchase Confirmation must be issued within the VAT reporting period in which the date of supply of goods occurs (July 25th for the 1st period, January 25th for the 2nd period) to be used as supporting documentation for the zero tax rate. Therefore, for supplies falling within the first half of the year, the Purchase Confirmation should have been issued by July 25th. Please consult further with your tax agent regarding this matter.Machine translated
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